Active

46 W Canal

Mixed Use • 126Y Old
$329,900 Listed 2 months ago
0.06 Acres
Basement
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Property Description

Exceptional opportunity to own a well-established, turnkey business in the heart of beautiful downtown Wabash! The sale includes the thriving Pizza King restaurant and a spacious upper-level apartment that is currently being completely renovated. Renovations are expected to be completed by the end of the month, and the apartment photos reflect the current stage of construction. The restaurant is fully equipped and ready for continued operation, featuring two 60" Blodgett stone deck ovens, a Manitowoc ice maker, ThermoAir make station, 5' x 7' Hobart walk-in cooler, and a GE vertical deep freezer. The 17' x 30' dining area offers eight booths, five tables, digital menu boards, a fountain beverage station, and two large display windows that provide additional seating and excellent downtown views. Recent exterior improvements include a newly painted front facade, new Pizza King logo awning, and new burners, reflector plates, and thermocouples in both pizza ovens. Once complete, the upper-level apartment will offer outstanding owner-occupancy or rental potential with all-new heating and cooling, an electric water heater, PEX plumbing, fresh paint, brand-new cabinetry, and more. The spacious open-concept living area features soaring ceilings and a beautiful exposed brick accent wall, along with two bedrooms, two full baths, a flexible third room ideal for an office, bedroom, or storage room. Rear alley access with parking. Don't miss this opportunity to own a successful, established restaurant paired with a soon-to-be beautifully renovated apartment in downtown Wabash.

Directions

Cass st south through Wabash to Canal St continue to address, Downtown Wabash IN

Property
MLS # 202628133
Date Listed 2026-07-14
Status Active
Property Type Commercial
Property SubType Mixed Use
New Construction No
Type Mixed Use
Basement Yes
Annual Taxes $3,492.00
Year Taxes Payable 2025 Payable 2026
Year Built 1900
Virtual Tour propertypanorama.com »
Days on Market 83
Homestead Year No
Room Dimensions
Den 1 × 5472 Level
3rd Bedroom 2 × 0 Level
External Features
Construction Mixed Use
Lot Size 2,614 sq ft
Acreage 0.06 Acres
Lot Dimensions 19 x 132
Fence None
Location
Area Wabash County
County Wabash
Subdivision None
Township Noble
City Wabash
State IN
Zip 46992
Financial
Assoc. Dues $0.00
Contact

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MLS# 202628133
Listing Provided Courtesy of John Lundquist
Lundquist Appraisals & Real Estate
john@lundquistrealestate.com

Listing updated July 14, 2026 at 4:15 pm
Last checked 4 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.